Ritholtz Wealth Management Acquires 3,185 Shares of THOR Industries, Inc. (NYSE:THO)

Ritholtz Wealth Management lifted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 39.2% in the 4th quarter, HoldingsChannel reports. The fund owned 11,301 shares of the construction company’s stock after purchasing an additional 3,185 shares during the period. Ritholtz Wealth Management’s holdings in THOR Industries were worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in THO. MJP Associates Inc. ADV bought a new position in shares of THOR Industries in the fourth quarter valued at approximately $217,000. Planned Solutions Inc. bought a new position in THOR Industries in the 4th quarter valued at $62,000. PFG Investments LLC purchased a new stake in shares of THOR Industries during the 4th quarter valued at $201,000. Reinhart Partners LLC. boosted its holdings in shares of THOR Industries by 4.9% in the 4th quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock worth $35,007,000 after buying an additional 13,849 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in THOR Industries by 56.7% during the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after purchasing an additional 262,478 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Trading Up 2.4 %

THO opened at $117.34 on Friday. THOR Industries, Inc. has a one year low of $74.50 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. The business has a 50 day simple moving average of $115.04 and a two-hundred day simple moving average of $106.22. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 23.28 and a beta of 1.79.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts predict that THOR Industries, Inc. will post 5.37 EPS for the current year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, April 8th. THOR Industries’s payout ratio is currently 38.10%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price target on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th. Robert W. Baird raised their target price on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Truist Financial upped their price target on THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Finally, TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries has an average rating of “Hold” and an average target price of $104.00.

Insiders Place Their Bets

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of THOR Industries stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total transaction of $383,295.00. Following the sale, the chief operating officer now directly owns 98,347 shares of the company’s stock, valued at approximately $11,309,905. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.70% of the stock is currently owned by company insiders.

THOR Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.